Sales Tax Cheat Sheet for the Online Seller

By | January 31st, 2018|Business|

Want a copy - download it here:  CANADA SALES TAX FACT SHEET

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How to 10X your Growth in 3 Steps

By | October 18th, 2017|Business|

The world is in an exiting time where the ability to 10X your company is at anyone's reach. I have been speaking lately with numerous entrepreneurs who have 10X'd their companies then sold them (sometimes they have sold multiple companies). I was very interested in the 10X or die mentality and wanted to share some of the key takeaways from these conversations. In the tech game, this has come to be a common terminology. The concept is that either you out-innovate and grow quickly or get squashed when someone else does. This originally tech based mentality is spilling out into a [...]

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The Entrepreneur – The Grunt and the Glory

By | September 13th, 2017|Business|

I had the honour this week of finding out I was nominated for a Professional Service Award by the local Chamber. This was incredible humbling as I know the nomination came from clients happy with my service. At only a year in, I felt that was a great milestone achievement to be recognized with so many other great businesses and business people. Just before hearing this, I was listening to a business podcast about how many people see the glory of Entrepreneurs but few see the work that goes into it. I thought about this comment a lot and when I [...]

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Lean Accounting: What it is and Why your Business Needs it

By | June 28th, 2017|Accounting, Business|

Lean Accounting is the next big movement for companies looking to gain an edge. The term "lean" was coined in the 1990's to refer to the systematic reduction of waste in the manufacturing process. The purpose is to get rid of anything that does not add value to the product. Lean accounting is the same application except applied to the accounting process. This is not a new term, however, it is made all the more powerful by the opportunities presented with new technology. Your company can reduce the non-value adding processes of your accounting. The effects of this will be: Less [...]

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How Do I Fire My Accountant?

By | June 14th, 2017|Business|

Are you thinking of leaving your current Accountant? In my experience, this can be a very stressful topic for business owners. They are unhappy and want to find a new advisor but they hold back. People do not like conflict and feel a sense of loyalty. When they discuss this conflict with me I have one question for them: Why were you thinking of switching? Poor Customer Service The most common response relate to the service they receive. I recently spoke to a business owner who was one year behind in filing their tax returns. They brought the books to their [...]

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Top 6 Things Business Owners Should Know About Paying Employees in BC

By | May 16th, 2017|Business|

1)   Statutory Pay – Employers must pay all eligible* employees an average days pay** on each statutory holiday regardless of whether they work or not. If the eligible employee does work on a statutory holiday they are entitled to 1.5X their normal pay (up to 12hrs and 2X thereafter) PLUS an average days pay. AKA closing shop does not get you out of stat pay but staying open is expensive! Statutory Holidays in BC: New Year’s Day, Family Day, Good Friday, Victoria Day, Canada Day, BC Day, Labour Day, Thanksgiving Day, Remembrance Day and Christmas Day. Note: Easter Sunday, Easter Monday [...]

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